Higgins Labs Inc

question 68

Multiple Choice

Higgins Labs Inc. ,uses a process costing system.The following data are available for one department for October: The department started 45,000 units into production during the month and completed and transferred 50,000 units to the next department. Assuming the FIFO method is used,the equivalent units for conversion for October would be:

• A)50,500 units
• B)50,000 units
• C)44,500 units
• D)48,000 units

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Definitions:

Bank Notes

Paper money issued by banks that is used as legal tender and is backed by the promise to pay the bearer the value of the note on demand.

Lincoln

The 16th President of the United States, Abraham Lincoln, who led the country during the Civil War and worked to end slavery.

Issue of Slavery

A central and contentious problem in American history, focusing on the ethical, moral, and economic concerns surrounding the practice of slavery, particularly in the 18th and 19th centuries.

Pro-Union Majority

A predominance of individuals or political entities that support the maintenance and unity of a federated state or union, especially relevant in the context of the Civil War in the United States.